Marathon Petroleum Corp (NYSE:MPC) has been assigned an average recommendation of “Buy” from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $51.92.
Several equities analysts recently issued reports on MPC shares. Morgan Stanley raised their price objective on Marathon Petroleum from $35.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Credit Suisse Group increased their target price on Marathon Petroleum from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Cowen dropped their target price on Marathon Petroleum from $54.00 to $29.00 and set a “market perform” rating on the stock in a research report on Thursday, April 16th. Cfra lowered Marathon Petroleum from a “hold” rating to a “sell” rating in a research report on Friday, March 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $40.00 target price on shares of Marathon Petroleum in a research report on Wednesday, May 6th.
Hedge funds have recently modified their holdings of the stock. Lloyd Advisory Services LLC. bought a new position in Marathon Petroleum in the 4th quarter worth approximately $28,000. Atlas Private Wealth Management acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $37,000. Liberty Wealth Management LLC grew its holdings in shares of Marathon Petroleum by 157.0% during the 1st quarter. Liberty Wealth Management LLC now owns 1,732 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 1,058 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Marathon Petroleum by 46.2% during the 1st quarter. Global Retirement Partners LLC now owns 2,027 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 641 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in shares of Marathon Petroleum by 215.6% during the 1st quarter. NewSquare Capital LLC now owns 2,225 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 1,520 shares in the last quarter. 74.00% of the stock is currently owned by institutional investors and hedge funds.
MPC traded up $2.03 during trading hours on Tuesday, hitting $37.43. 238,302 shares of the stock were exchanged, compared to its average volume of 9,755,318. The stock has a 50-day simple moving average of $36.32 and a 200-day simple moving average of $41.79. Marathon Petroleum has a 12 month low of $15.26 and a 12 month high of $69.65. The stock has a market cap of $23.02 billion, a price-to-earnings ratio of -3.61 and a beta of 2.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 0.61.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.15. Marathon Petroleum had a positive return on equity of 7.88% and a negative net margin of 5.48%. The firm had revenue of $24.08 billion for the quarter, compared to analysts’ expectations of $27.96 billion. During the same period last year, the business posted ($0.09) earnings per share. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis. Sell-side analysts expect that Marathon Petroleum will post -2.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.32 dividend on an annualized basis and a yield of 6.20%. Marathon Petroleum’s payout ratio is presently 46.96%.
Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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